Md. Code Ann., Fin. Inst. § 7-221 – Liability of State | Midpage
§ 7-221
Md. Code Ann., Fin. Inst. § 7-221
Liability of State
Effective Jul 1, 2002Added by Acts 2002, c. 540, § 1, eff. July 1, 2002.State of Maryland
(1) An act or omission of a credit union share guaranty corporation; or
(2) A deficiency of a participating credit union in the event a credit union share guaranty corporation is unable to pay the deficiency.
Nothing in this subtitle creates any liability on the State for the payment of any funds to any participating credit union or other person by reason of:
Added by Acts 2002, c. 540, § 1, eff. July 1, 2002.